How to Buy Wrapped Bitcoin (WBTC) in Iraq

A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Iraq

Step 1 – Join CEX.io

You will first need to purchase units of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and to get your first BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Wrapped Bitcoin (WBTC) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you've selected the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Locate (WBTC) Wrapped Bitcoin

As soon as your deposit has been confirmed, you will immediately have access to your funds and you can commence purchasing and trading. To purchase (WBTC) Wrapped Bitcoin on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

In order to locate Wrapped Bitcoin (WBTC), you'll need to insert the short name of the asset (WBTC) into the search box, which is marked in the graphic. Be certain of having selected the right pairing, we have marked this also. Click on “WBTC/BTC” to progress.

Step 4 – Buying (WBTC) Wrapped Bitcoin

As soon as you've spotted (WBTC) Wrapped Bitcoin, you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we're creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest valuation (WBTC) Wrapped Bitcoin was sold for. You can change this to your desired price. The “Amount” field is the amount of WBTC you want to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the complete volumen of WBTC.

If you're happy, click on “Buy WBTC”. Your order will be filled when a Vender trades their WBTC for the price you gave.

Step 5 – Withdraw Wrapped Bitcoin (WBTC)

Unless you're trading, you should never keepyour crypto on an Crypto Trader for an longer time period. In order to take off your Wrapped Bitcoin (WBTC), go to the “Funds” tab and click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Drop in the amount of Wrapped Bitcoin (WBTC) you'd wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

When you are glad, make a mouse click on “Submit”. You may be requested for email/phone verification before a take off.

Congrats! You have successfully purchased and safed (WBTC) Wrapped Bitcoin in Iraq.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you've proved your take off with Etherscan.io or Ethplorer.io and the Wrapped Bitcoin (WBTC) is safe in your wallet, you are all done.